Coir products export from India touched an all-time high in quantity and exports during 2008-09 despite rupee appreciation during early part of the year and the economic slowdown.
The provisional figures of the Coir Board for the year show coir product export at 1,89,858 tonnes valued at Rs 623.80 crore. The coir exports crossed Rs 600 crore mark for the first time in 2006-07 reaching Rs 605 crore. But it fell to Rs 592.88 crore in the subsequent year.
According to Coir Board export promotion advisor A.V.Ramanathan, though rupee devaluation in the last few months had a hand in boosting the exports, the overall performance was good with penetration into several new countries in South America and Asia.
As a result of the economic downturn, the share of the US in Indian coir exports slid to 31 % from almost 40 %. The other major buyer Europe, however, remained more or less stable at 38 %, Ramanathan said.
The products that recorded maximum growth were coir pith, rubberized coir and coir fibre. The bread and butter item coir mats registered a 4 % rise in value at 69,261 tonnes valued at Rs 458.59 crore.
Interestingly, almost half the quantity of coir products export during the year came from coir pith, which has been showing a consistent rise in the last few years.
Coir pith at 93,479 tonnes valued at Rs 80.93 crore recorded a 12% rise in quantity and 27% rise in value.
Despite efforts of Coir Board, there was only marginal improvement in the performance of coir geotextiles. Around 3241 tonnes of geotextiles worth Rs 15.57 crore was exported with just 8 % increase in value. Several other products like coir yarn, mats, curled coir, rugs and carpets etc saw negative growth.
The provisional figures of the Coir Board for the year show coir product export at 1,89,858 tonnes valued at Rs 623.80 crore. The coir exports crossed Rs 600 crore mark for the first time in 2006-07 reaching Rs 605 crore. But it fell to Rs 592.88 crore in the subsequent year.
According to Coir Board export promotion advisor A.V.Ramanathan, though rupee devaluation in the last few months had a hand in boosting the exports, the overall performance was good with penetration into several new countries in South America and Asia.
As a result of the economic downturn, the share of the US in Indian coir exports slid to 31 % from almost 40 %. The other major buyer Europe, however, remained more or less stable at 38 %, Ramanathan said.
The products that recorded maximum growth were coir pith, rubberized coir and coir fibre. The bread and butter item coir mats registered a 4 % rise in value at 69,261 tonnes valued at Rs 458.59 crore.
Interestingly, almost half the quantity of coir products export during the year came from coir pith, which has been showing a consistent rise in the last few years.
Coir pith at 93,479 tonnes valued at Rs 80.93 crore recorded a 12% rise in quantity and 27% rise in value.
Despite efforts of Coir Board, there was only marginal improvement in the performance of coir geotextiles. Around 3241 tonnes of geotextiles worth Rs 15.57 crore was exported with just 8 % increase in value. Several other products like coir yarn, mats, curled coir, rugs and carpets etc saw negative growth.
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